anggita: BIDIUM.IO

BIDIUM.IO

What Is BIDIUM ?

A Crypto Exchange dedicated to Auction and Hiring by empowering Bidders and Employers

BIDIUM is a crypto-fiat-crypto P2P exchange which combines the power of Advance Auction with Freelance Hiring on top of Blockchain Technology.

It acts as a bidding marketplace for buyers to purchase by bidding and a freelance platform to employers, who are looking to hire freelancers.

The platform offers an adequate exchange solution along with an effective freelance platform backed up with an interactive interface to make it a delightful experience for the users.

The revenue will be distributed among all BIDM token holders i.e. usually stored on the BIDIUM wallet. The platform facilitates light and fast trading technique with 50% generated revenue from trading.

No transaction fee for the selling, purchasing, hiring and trading on BIDIUM platforms users.

Bidium project core development team is in INDIA, however our team is from United States, Russia, Dubai and Pakistan. But Bidium judiciary and operational country is ESTONIA.

Market Opportunity

The concept behind the exchange platform is evolved based on a vast research over various prominent portals. Background of the concept is further decomposed in two parts:

Bidding Marketplace Overview

Research indicates that 34.3% of eBay sellers earn under $10,000 in a year while at Amazon itǯs only 9% sellers. In addition to this, just 3.9% of eBay sellers make above a million dollars in a year as compared to 16.7% of Amazon sellers. Research also highlights that only 2.1% of sellers make above $10 million revenue in a year from Amazon marketplace.

A large percentage (approx 63%) of sellers is dependent on above mentioned marketplaces to sell their products; however there is an impending risk involved in this. Being a centralized mechanism these marketplaces acts as a super power to all the stakeholders.

At any point of time they can restrict or completely ban the accessibility of any seller and it can hugely impact on the business of that particular seller if its their only sales medium. Surveys that are carried out on marketplace shows that regardless of the risks associated with marketplace selling, the bidding mechanism will help as in the longer term it creates a more transparent and more competitive industry.

Analysis represents that it is very difficult to be successful when there is a very good profit margin and there is a prevailed belief that the fierce competition and low overheads of the marketplace selling usually sink profit to the ground.

Over one-fifth of online sellers operates on margins (below 10% of the total sellers) and it is hard to imagine how these sellers will cater for unforeseen circumstances especially considering underperforming stocks, however, more than half will have a higher margin of profit above 20% and only 6% are lucky enough to have margin greater than 50%.

Marketplace and bidding software play an important role, especially for marketplace sellers. This software maintains a single truthful database for a sellers stock thereby synchronizing the data with multiple marketplaces. Research indicates that sellers that use management software are more satisfied with the results while only 29% had neutral or negative opinions.

It is a complex task to maintain smooth integrations with systems that involves buying and selling especially by creating an easy-to-use interface.

As shown in the above table that 38% of sellers intend to extend their online marketplace beyond eBay and Amazon as they look for a means of diversifying. However, 20% of sellers are trying to expand on eBay, Etsy, Newegg as the percentage of Amazon moves down to 6.2%. According to the findings, weve found that online buying and selling activity in a marketplace is a profitable business with great potentials.

Freelance Platform Market Overview

Freelance Platform are also a potential market to explore considering the U.S market as, a case study, there are over 53 million people doing freelancing work in the U.S and this is an aggregate of 34% of the national workforce. The contribution of people that do freelancing, to the economy is estimated to be $715 billion.

Research indicates that 32% of freelancers have experienced an increase in recent years while 15% have experienced a decrease. 8 Income stability and ability to find work has been a major barrier in this segment. Statistics also show that 69% of freelancers have attributed their success to technology.

In the UK, there are 1.4 million freelancers that are working across all sectors. The number of freelancers has grown 14% over the past 10 years and the flexibility that is offered by Britainǯs freelancers has added positive value to their economy.

Freelancing is seen as a lucrative career option as most graduates have chosen to work as a freelancer and freelancing economy is becoming a dominant factor among these. Over 69% of graduates have concluded that independent work gives them a better work-life balance and the ability to work on a variety of projects that cut across various platforms is appealing. Most people feel that they can earn more as compared to a traditional job.

Freelancing is a job that has flexible working hours. It is a great way to break out of the 9-5 and go it alone. It is a type of self-employment work that is very flexible. Freelancers can work on both small and long-term projects depending on their availability and skills. These tasks include designing a logo to build a website or it can also be writing a weekly blog post or editing a video.

The mode of operation of freelance work is initiated when employers post a job on a freelancing websites. Freelancers, who are keeping an eye on the job posts, contact them by explaining the reasons why they should be considered for a particular project.

The employer simply chooses from a certain number of proposals and discusses the next steps. There is usually a mutual agreement between the two parties on how and when the projects will be carried out. The payment is made after the project is carried out to a required standard.

How It Works ?